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Why Nations Fail

Why Nations Fail
  • Author : Daron Acemoglu,James A. Robinson
  • Publisher :Unknown
  • Release Date :2012-03-08
  • Total pages :320
  • ISBN : 1847654614
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Summary : Shortlisted for the Financial Times and Goldman Sachs Business Book of the Year Award 2012. Why are some nations more prosperous than others? Why Nations Fail sets out to answer this question, with a compelling and elegantly argued new theory: that it is not down to climate, geography or culture, but because of institutions. Drawing on an extraordinary range of contemporary and historical examples, from ancient Rome through the Tudors to modern-day China, leading academics Daron Acemoglu and James A. Robinson show that to invest and prosper, people need to know that if they work hard, they can make money and actually keep it - and this means sound institutions that allow virtuous circles of innovation, expansion and peace. Based on fifteen years of research, and answering the competing arguments of authors ranging from Max Weber to Jeffrey Sachs and Jared Diamond, Acemoglu and Robinson step boldly into the territory of Francis Fukuyama and Ian Morris. They blend economics, politics, history and current affairs to provide a new, powerful and persuasive way of understanding wealth and poverty.

Why Nations Fail

Why Nations Fail
  • Author : Daron Acemoglu
  • Publisher :Unknown
  • Release Date :2012-03-20
  • Total pages :229
  • ISBN : 09876543XX
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Summary : Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South...

The Narrow Corridor

The Narrow Corridor
  • Author : Daron Acemoglu,James A. Robinson
  • Publisher :Unknown
  • Release Date :2019-09-24
  • Total pages :576
  • ISBN : 0735224390
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Summary : From the authors of the international bestseller Why Nations Fail, a crucial new big-picture framework that answers the question of how liberty flourishes in some states but falls to authoritarianism or anarchy in others--and explains how it can continue to thrive despite new threats. In Why Nations Fail, Daron Acemoglu and James A. Robinson argued that countries rise and fall based not on culture, geography, or chance, but on the power of their institutions. In their new book, they build a new theory about liberty and how to achieve it, drawing a wealth of evidence from both current affairs and disparate threads of world history. Liberty is hardly the "natural" order of things. In most places and at most times, the strong have dominated the weak and human freedom has been quashed by force or by customs and norms. Either states have been too weak to protect individuals from these threats, or states have been too strong for people to protect themselves from despotism. Liberty emerges only when a delicate and precarious balance is struck between state and society. There is a Western myth that political liberty is a durable construct, arrived at by a process of "enlightenment." This static view is a fantasy, the authors argue. In reality, the corridor to liberty is narrow and stays open only via a fundamental and incessant struggle between state and society: The authors look to the American Civil Rights Movement, Europe’s early and recent history, the Zapotec civilization circa 500 BCE, and Lagos’s efforts to uproot corruption and institute government accountability to illustrate what it takes to get and stay in the corridor. But they also examine Chinese imperial history, colonialism in the Pacific, India’s caste system, Saudi Arabia’s suffocating cage of norms, and the “Paper Leviathan” of many Latin American and African nations to show how countries can drift away from it, and explain the feedback loops that make liberty harder to achieve. Today we are in the midst of a time of wrenching destabilization. We need liberty more than ever, and yet the corridor to liberty is becoming narrower and more treacherous. The danger on the horizon is not "just" the loss of our political freedom, however grim that is in itself; it is also the disintegration of the prosperity and safety that critically depend on liberty. The opposite of the corridor of liberty is the road to ruin.

Summary of Why Nations Fail

Summary of Why Nations Fail
  • Author : Instaread
  • Publisher :Unknown
  • Release Date :2016-09-25
  • Total pages :40
  • ISBN : 168378507X
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Summary :

Why Latin American Nations Fail

Why Latin American Nations Fail
  • Author : Matías Vernengo,Esteban Pérez Caldentey
  • Publisher :Unknown
  • Release Date :2017-10-03
  • Total pages :240
  • ISBN : 0520290305
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Summary : The question of development is a major topic in courses across the social sciences and history, particularly those focused on Latin America. Many scholars and instructors have tried to pinpoint, explain, and define the problem of underdevelopment in the region. With new ideas have come new strategies that by and large have failed to explain or reduce income disparity and relieve poverty in the region. Why Latin American Nations Fail brings together leading Latin Americanists from several disciplines to address the topic of how and why contemporary development strategies have failed to curb rampant poverty and underdevelopment throughout the region. Given the dramatic political turns in contemporary Latin America, this book offers a much-needed explanation and analysis of the factors that are key to making sense of development today.

Why Nations Fail. Key Arguments and Empirical Support of the Theories

Why Nations Fail. Key Arguments and Empirical Support of the Theories
  • Author : Johannes Simon
  • Publisher :Unknown
  • Release Date :2019-06-25
  • Total pages :16
  • ISBN : 3668965323
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Summary : Essay from the year 2018 in the subject Politics - International Politics - Topic: Globalization, Political Economics, University of Göttingen, language: English, abstract: “An estimated 766 million people, or 10.7 percent of the world’s population, lived in extreme poverty in 2013.” (World Bank 2017, p. 1) As if these numbers itself weren’t enough sign of the great inequality in incomes after centuries of prosperity, following the World Income Indicators, more than half of the people living under these circumstances originate from one region, Sub-Saharan-Africa. Maybe as long as growth has been observable, controversies about the causes and its inherent erratic distribution flourished. Over time, many hypotheses have been proposed, discussed and rejected. Two of the ones that managed to establish themselves are subject of this essay. More specifically, what their key arguments and empirical support are. One the one hand, the institutional theory of growth promoted most notably by Acemoglu and fellows (2012; 2005). On the other hand the geographic theory of growth, proposed by Sachs et al. (1998; 1999). Plan of the essay is as follows. Chapter II will describe the institutional theory of growth as described in Acemoglu and Robinson (2012). Chapter III assesses the key factors and their empirical support of the institutional and geographic growth hypotheses respectively. Followed by Chapter IV, which gives insight on surrounding literature. Chapter V discusses the main problems of each line of argument, concluding that the institutional model offers more consistency.

Pillars of Prosperity

Pillars of Prosperity
  • Author : Timothy Besley,Torsten Persson
  • Publisher :Unknown
  • Release Date :2013-02-24
  • Total pages :392
  • ISBN : 0691158150
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Summary : This text illuminates the processes that cause prosperity and political order to develop together. It offers powerful insights into the divergent paths countries have taken and is a major contribution in the fields of political economy and development economics.

Changing World Order

Changing World Order
  • Author : Ray Dalio
  • Publisher :Unknown
  • Release Date :2021-03-16
  • Total pages :336
  • ISBN : 1471196704
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Summary : From the international bestselling author of Principles and legendary investor Ray Dalio, who has spent half a century studying global markets, The Changing World Order examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes. A few years ago, renowned investor Ray Dalio began noticing a confluence of political and economic conditions he hadn’t encountered before in his fifty-year career. They included large debts and zero or near-zero interest rates in the world’s three major reserve currencies; significant wealth, political and values divisions within countries; and emerging conflict between a rising world power (China) and the existing one (US). Seeking to explain the cause-effect relationships behind these conditions, he began a study of analogous historical times and discovered that such combinations of conditions were characteristic of periods of transition, such as the years between 1930 and 1945, in which wealth and power shifted in ways that reshaped the world order. Looking back across five hundred years of history and nine major empires - including the Dutch, the British and the American - The Changing World Order puts into perspective the cycles and forces that have driven the successes and failures of all the world’s major countries throughout history. Dalioreveals the timeless and universal dynamics that were behind these shifts, while also offering practical principles for policymakers, business leaders, investors and others operating in this environment.

In the Wake of the Crisis

In the Wake of the Crisis
  • Author : Olivier Blanchard,David Romer,Michael Spence,Joseph E. Stiglitz
  • Publisher :Unknown
  • Release Date :2012-02-24
  • Total pages :256
  • ISBN : 0262301083
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Summary : Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices. Contributors Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guðmundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner

The 10 Rules of Successful Nations

The 10 Rules of Successful Nations
  • Author : Ruchir Sharma
  • Publisher :Unknown
  • Release Date :2020-03-31
  • Total pages :256
  • ISBN : 0393651959
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Summary : The 10 Rules of Successful Nations offers a pithy guide to real-world economics, adapted from the New York Times bestseller The Rise and Fall of Nations. A wake-up call to economists who failed to foresee every recent crisis, including the cataclysm of 2008, The 10 Rules of Successful Nations is a slim primer full of pioneering insights on the political, economic, and social habits of successful nations. Distilled from Sharma’s quarter century traveling the world as a writer and investor, his rules challenge conventional textbook thinking on what matters—and what doesn’t—for a strong economy. He shows why successful nations embrace robots and immigrants, prefer democratic leaders to autocrats, elect charismatic reformers over technocrats, and pay no mind to the debate about big versus small government. He explains why rising stock prices matter as much or more than food prices, which measure of debt is the best predictor of economic crises, and why no one number can accurately capture the value of a currency. He also demonstrates how a close reading of the Forbes billionaire lists can offer the clearest real-time warning of populist revolts against the wealthy. Updated with brand-new data, 10 Rules reimagines economics as a practical art, giving general readers as well as political and business leaders a quick guide to the most important forces that shape a nation’s future.

The Price of Prosperity

The Price of Prosperity
  • Author : Todd G. Buchholz
  • Publisher :Unknown
  • Release Date :2016-06-07
  • Total pages :384
  • ISBN : 0062405713
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Summary : In this bold history and manifesto, a former White House director of economic policy exposes the economic, political, and cultural cracks that wealthy nations face and makes the case for transforming those same vulnerabilities into sources of strength—and the foundation of a national renewal. America and other developed countries, including Germany, Japan, France, and Great Britain are in desperate straits. The loss of community, a contracting jobs market, immigration fears, rising globalization, and poisonous partisanship—the adverse price of unprecedented prosperity—are pushing these nations to the brink. Acclaimed author, economist, hedge fund manager, and presidential advisor Todd G. Buchholz argues that without a sense of common purpose and shared identity, nations can collapse. The signs are everywhere: Reckless financial markets encourage people to gamble with other people’s money. A coddling educational culture removes the stigma of underachievement. Community traditions such as American Legion cookouts and patriotic parades are derided as corny or jingoistic. Newcomers are watched with suspicion and contempt. As Buchholz makes clear, the United States is not the first country to suffer these fissures. In The Price of Prosperity he examines the fates of previous empires—those that have fallen as well as those extricated from near-collapse and the ruins of war thanks to the vision and efforts of strong leaders. He then identifies what great leaders do to fend off the forces that tear nations apart. Is the loss of empire inevitable? No. Can a community spirit be restored in the U.S. and in Europe? The answer is a resounding yes. We cannot retrieve the jobs of our grandparents, but we can embrace uniquely American traditions, while building new foundations for growth and change. Buchholz offers a roadmap to recovery, and calls for a revival of national pride and patriotism to help us come together once again to protect the nation and ensure our future.

The White Man's Burden

The White Man's Burden
  • Author : William Easterly,William Russell Easterly
  • Publisher :Unknown
  • Release Date :2006
  • Total pages :436
  • ISBN : 9781594200373
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Summary : Argues that western foreign aid efforts have done little to stem global poverty, citing how such organizations as the International Monetary Fund and the World Bank are not held accountable for ineffective practices that the author believes intrude into the inner workings of other countries. By the author of The Elusive Quest for Growth. 60,000 first printing.

Natural Experiments of History

Natural Experiments of History
  • Author : Jared Diamond
  • Publisher :Unknown
  • Release Date :2012-11-01
  • Total pages :286
  • ISBN : 0674076729
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Summary : In eight case studies by leading scholars in history, archaeology, business, economics, geography, and political science, the authors showcase the “natural experiment” or “comparative method”—well-known in any science concerned with the past—on the discipline of human history. That means, according to the editors, “comparing, preferably quantitatively and aided by statistical analyses, different systems that are similar in many respects, but that differ with respect to the factors whose influence one wishes to study.” The case studies in the book support two overall conclusions about the study of human history: First, historical comparisons have the potential for yielding insights that cannot be extracted from a single case study alone. Second, insofar as is possible, when one proposes a conclusion, one may be able to strengthen one’s conclusion by gathering quantitative evidence (or at least ranking one’s outcomes from big to small), and then by testing the conclusion’s validity statistically.

Saving Capitalism

Saving Capitalism
  • Author : Robert Reich
  • Publisher :Unknown
  • Release Date :2016-06-02
  • Total pages :304
  • ISBN : 1785780689
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Summary : 'A very good guide to the state we’re in' Paul Krugman, New York Review of Books 'A well-written, thought-provoking book by one of America’s leading economic thinkers and progressive champions.' Huffington Post Do you recall a time when the income of a single schoolteacher or baker or salesman or mechanic was enough to buy a home, have two cars, and raise a family? Robert Reich does – in the 1950s his father sold clothes to factory workers and the family earnt enough to live comfortably. Today, this middle class is rapidly shrinking: American income inequality and wealth disparity is the greatest it’s been in eighty years. As Reich, who served in three US administrations, shows, the threat to capitalism is no longer communism or fascism but a steady undermining of the trust modern societies need for growth and stability. With an exclusive chapter for Icon’s edition, Saving Capitalism is passionate yet practical, sweeping yet exactingly argued, a revelatory indictment of the economic status quo and an empowering call to action.

End of History and the Last Man

End of History and the Last Man
  • Author : Francis Fukuyama
  • Publisher :Unknown
  • Release Date :2006-03-01
  • Total pages :464
  • ISBN : 1416531785
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Summary : Ever since its first publication in 1992, The End of History and the Last Man has provoked controversy and debate. Francis Fukuyama's prescient analysis of religious fundamentalism, politics, scientific progress, ethical codes, and war is as essential for a world fighting fundamentalist terrorists as it was for the end of the Cold War. Now updated with a new afterword, The End of History and the Last Man is a modern classic.

Breakout Nations: In Pursuit of the Next Economic Miracles

Breakout Nations: In Pursuit of the Next Economic Miracles
  • Author : Ruchir Sharma
  • Publisher :Unknown
  • Release Date :2012-04-09
  • Total pages :336
  • ISBN : 0393083837
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Summary : International Bestseller One of Foreign Policy's "21 Books to Read in 2012" A Publishers Weekly Top 10 Business Book “The best book on global economic trends I’ve read in a while.”—Fareed Zakaria, CNN GPS To identify the economic stars of the future we should abandon the habit of extrapolating from the recent past and lumping wildly diverse countries together. We need to remember that sustained economic success is a rare phenomenon. After years of rapid growth, the most celebrated emerging markets—Brazil, Russia, India, and China—are about to slow down. Which countries will rise to challenge them? In his best-selling book, writer and investor Ruchir Sharma identifies which countries are most likely to leap ahead and why, drawing insights from time spent on the ground and detailed demographic, political, and economic analysis. With a new chapter on America’s future economic prospects, Breakout Nations offers a captivating picture of the shifting balance of global economic power among emerging nations and the West.

Hillbilly Elegy

Hillbilly Elegy
  • Author : J. D. Vance
  • Publisher :Unknown
  • Release Date :2018-05-01
  • Total pages :288
  • ISBN : 0062872257
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Summary : THE #1 NEW YORK TIMES BESTSELLER IS NOW A MAJOR-MOTION PICTURE DIRECTED BY RON HOWARD AND STARRING AMY ADAMS, GLENN CLOSE, AND GABRIEL BASSO "You will not read a more important book about America this year."—The Economist "A riveting book."—The Wall Street Journal "Essential reading."—David Brooks, New York Times Hillbilly Elegy is a passionate and personal analysis of a culture in crisis—that of white working-class Americans. The disintegration of this group, a process that has been slowly occurring now for more than forty years, has been reported with growing frequency and alarm, but has never before been written about as searingly from the inside. J. D. Vance tells the true story of what a social, regional, and class decline feels like when you were born with it hung around your neck. The Vance family story begins hopefully in postwar America. J. D.’s grandparents were “dirt poor and in love,” and moved north from Kentucky’s Appalachia region to Ohio in the hopes of escaping the dreadful poverty around them. They raised a middle-class family, and eventually one of their grandchildren would graduate from Yale Law School, a conventional marker of success in achieving generational upward mobility. But as the family saga of Hillbilly Elegy plays out, we learn that J.D.'s grandparents, aunt, uncle, sister, and, most of all, his mother struggled profoundly with the demands of their new middle-class life, never fully escaping the legacy of abuse, alcoholism, poverty, and trauma so characteristic of their part of America. With piercing honesty, Vance shows how he himself still carries around the demons of his chaotic family history. A deeply moving memoir, with its share of humor and vividly colorful figures, Hillbilly Elegy is the story of how upward mobility really feels. And it is an urgent and troubling meditation on the loss of the American dream for a large segment of this country.

Community, Market and State in Development

Community, Market and State in Development
  • Author : K. Otsuka,K. Kalirajan
  • Publisher :Unknown
  • Release Date :2010-11-03
  • Total pages :321
  • ISBN : 0230295010
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Summary : 'How to combine the community, the market, and the state in the total economic system is probably the most important agenda for economists geared towards the reduction of poverty in developing economies'. - Professor Yujiro Hayami This volume brings together leading scholars from all around the world to examine and extend Professor Hayami's development model of 'community, market and state', and to pay tribute to his invaluable contribution to economics. The authors provide new empirical analysis with a clear focus on the role of the community in economic development, and its relations with agricultural markets, industrialization and the government, using primary data from major countries in Asia and Africa. This book is indispensable reading for all interested in development economics, government and market studies and international development studies.

The Origins of Political Order

The Origins of Political Order
  • Author : Francis Fukuyama
  • Publisher :Unknown
  • Release Date :2011-05-12
  • Total pages :631
  • ISBN : 1847652816
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Summary : Nations are not trapped by their pasts, but events that happened hundreds or even thousands of years ago continue to exert huge influence on present-day politics. If we are to understand the politics that we now take for granted, we need to understand its origins. Francis Fukuyama examines the paths that different societies have taken to reach their current forms of political order. This book starts with the very beginning of mankind and comes right up to the eve of the French and American revolutions, spanning such diverse disciplines as economics, anthropology and geography. The Origins of Political Order is a magisterial study on the emergence of mankind as a political animal, by one of the most eminent political thinkers writing today.

Economic Origins of Dictatorship and Democracy

Economic Origins of Dictatorship and Democracy
  • Author : Professor Daron Acemoglu,Daron Acemoglu,James A. Robinson
  • Publisher :Unknown
  • Release Date :2006
  • Total pages :416
  • ISBN : 9780521855266
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Summary : This book systematically explains why some countries are democracies while others are not.

13 Bankers

13 Bankers
  • Author : Simon Johnson,James Kwak
  • Publisher :Unknown
  • Release Date :2010-03-30
  • Total pages :336
  • ISBN : 0307379221
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Summary : In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.